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Duty-free permit (or Duty-free vehicle permit or Motor Vehicle Permit on Concessionary Terms) is a permit issued by the Treasury of the Government of Sri Lanka that allows its holder to import a vehicle into Sri Lanka on duties concessions or exempt from certain taxes.
Purchasing an automobile was once a luxury reserved for the upper crust of society, as vehicle imports was closely regulated, and taxes exorbitant. In the 1960s, there was an abrupt halt to the influx of vehicles to Sri Lanka when the Government banned all imports in order to fix a foreign exchange deficit.
Subsequently, the import levy imposed on the imports also reduced from 19% to 16%. Tariffs are highly imposed on imported motor vehicles at present. However Duty-free permit, a tax concession is also granted specially for the government officials to import vehicles into Sri Lanka.
Sri Lanka Customs (Sinhala: ශ්රී ලංකා රේගුව, romanized: Shri Lanka Reguwa, Tamil: இலங்கை சுங்கச் சாவடி) is a ministerial government department in Sri Lanka. The main functions of the department are, Collection of revenue; Prevention of revenue leakages and other frauds
The Government of Sri Lanka permits the importation of buses and trucks, lifting part of its vehicle import ban initiated in 2020 due to foreign exchange shortages, while bans on cars, motorcycles, and three-wheeled motor scooters persist pending improved foreign reserves.
Sri Lanka Freedom Party: 28 January 2007: Minister of Transport [52] [53] [54] Kumara Welgama: Sri Lanka Freedom Party: 23 April 2010 [55] [56] [57] R. M. Ranjith Madduma Bandara: United National Party: 12 January 2015: 17 August 2015: Maithripala Sirisena: Minister of Internal Transport [58] [59] [60] Nimal Siripala de Silva: Sri Lanka Freedom ...
The Ministry of Highways, Ports and Shipping was a Sri Lankan government ministry responsible for the governance, implementation, creation and development of Ports including Colombo, Galle and Trincomalee ports, Highways including Southern expressway, Colombo Outer Circular expressway, Katunayake expressway and their transport services.
The company engaged in vehicle sales, after-sales services, retail, construction and logistics solutions and agriculture sectors. The company was founded in 1939 and was listed on the Colombo Stock Exchange in 1964. DIMO is one of the LMD 100 companies, a list of quoted companies in Sri Lanka by revenue and ranked 39th in the 2020/21 edition. [2]